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Start a Discussion

Purchase Agreement & Assignment of Contract Forms

4 Replies

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  • 1
Kyle Storms
  • 17 posts
  • 1 votes

Kyle Storms
from Fishers, Indiana

posted almost 5 years ago

Hello everyone -

Can someone tell me where I can find a purchase agreement and assignment of contract forms for the state of Indiana? I am planning on using the assignment of contract method (vs. double-closing). Are these standard forms, or is an attorney needed to prepare these?

Look forward to hearing your responses.

Thanks!

Rick Ford
  • 15 posts
  • 1 votes

Rick Ford
Real Estate Investor from Los Angeles, California

replied almost 5 years ago

http://www.biggerpockets.com/real-estate-forms.html

Brandon Kargol
  • 59 posts
  • 18 votes

Brandon Kargol
from Fayetteville, North Carolina

replied almost 5 years ago

Rick f is correct. Here's the thing though, you can NEVER go wrong having an attorney look over the contracts you choose to use. As I'm sure you already know, each state has different standards for real estate contracts and a real estate law attorney can make sure your protected with the right clauses in accordance with your state. I hope this helps!

Kyle Storms
  • 17 posts
  • 1 votes

Kyle Storms
from Fishers, Indiana

replied almost 5 years ago

@Rick F. and @Brandon Kargol Thanks for your help guys!

Rich Wahl
  • 23 posts
  • 2 votes

Rich Wahl
from Jacksonville, Florida

replied almost 5 years ago

Going off of the idea of having an attorney look at the contract, which I agree is a good idea, do you guys think handing this type of deal over to an actual real estate agent to handle the first few times to learn from them is a good idea?

Is that something that they'd even be willing to get involved in? I guess dual commissions would be enticing to fhem. Thoughts?

  • 1

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